Tourmaline Oil (TRMLF) Expected to Announce Earnings on Wednesday

Tourmaline Oil (OTCMKTS:TRMLF - Get Free Report) is expected to be posting its quarterly earnings results on Wednesday, March 5th. Analysts expect Tourmaline Oil to post earnings of $0.83 per share and revenue of $1.59 billion for the quarter.

Tourmaline Oil Trading Down 3.0 %

TRMLF stock traded down $1.37 during trading on Monday, reaching $44.73. The company had a trading volume of 128,092 shares, compared to its average volume of 89,637. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. Tourmaline Oil has a 52 week low of $36.93 and a 52 week high of $51.15. The business has a 50 day moving average of $46.85 and a 200 day moving average of $45.97. The company has a market cap of $16.71 billion, a P/E ratio of 13.81, a PEG ratio of 0.83 and a beta of -0.56.

Tourmaline Oil Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.2486 dividend. This represents a dividend yield of 2.24%. The ex-dividend date was Monday, December 16th. Tourmaline Oil's dividend payout ratio is currently 30.25%.

About Tourmaline Oil

Tourmaline Oil Corp. explores for and develops oil and natural gas properties in the Western Canadian Sedimentary Basin. The company holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. Tourmaline Oil Corp.